Siga Technologies Sees Unusually High Options Volume (NASDAQ:SIGA)

Siga Technologies Inc. (NASDAQ:SIGA) was the target of some unusual options trading on Wednesday. Stock traders purchased 1,200 call options on the stock. This is an increase of approximately 1,438% compared to the typical volume of 78 call options.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SIGA shares. Wall Street Zen cut Siga Technologies from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings cut shares of Siga Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Siga Technologies currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Siga Technologies

Several hedge funds have recently modified their holdings of SIGA. Farther Finance Advisors LLC grew its stake in Siga Technologies by 418.1% during the fourth quarter. Farther Finance Advisors LLC now owns 4,150 shares of the company’s stock valued at $25,000 after acquiring an additional 3,349 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Siga Technologies by 34.1% during the second quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock valued at $30,000 after purchasing an additional 1,184 shares in the last quarter. CWM LLC grew its position in shares of Siga Technologies by 148.6% during the fourth quarter. CWM LLC now owns 5,027 shares of the company’s stock valued at $31,000 after purchasing an additional 3,005 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Siga Technologies in the second quarter worth about $34,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Siga Technologies in the third quarter worth about $34,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Siga Technologies Stock Down 3.3%

NASDAQ SIGA opened at $6.51 on Friday. The firm has a market cap of $466.18 million, a price-to-earnings ratio of 6.38 and a beta of 0.96. The business has a 50-day moving average price of $6.45 and a 200-day moving average price of $7.45. Siga Technologies has a twelve month low of $4.95 and a twelve month high of $9.62.

Siga Technologies (NASDAQ:SIGA) last issued its earnings results on Thursday, November 6th. The company reported ($0.09) earnings per share (EPS) for the quarter. Siga Technologies had a net margin of 43.22% and a return on equity of 35.23%. The business had revenue of $2.62 million for the quarter. Research analysts expect that Siga Technologies will post 1.04 EPS for the current fiscal year.

About Siga Technologies

Siga Technologies, Inc (NASDAQ: SIGA) is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of medical countermeasures for public health emergencies and biological threats. The company’s flagship product, TPOXX® (tecovirimat), is the first and only antiviral approved by the U.S. Food and Drug Administration for the treatment of smallpox. Siga has entered into procurement and development contracts with U.S. government agencies, including the Biomedical Advanced Research and Development Authority (BARDA) and the Department of Defense, to supply TPOXX® for the Strategic National Stockpile.

Founded in 2002, Siga has built a pipeline of therapies targeting high-consequence pathogens such as smallpox, plague and other potential biothreat agents.